Verizon Communications Inc. will acquire Yahoo Inc. by a $4.8 Billon deal, according to media reports.
US internet firm Yahoo announced in February to be looking at “strategic alternatives” for its core internet business.
Yahoo’s search and advertising operations buyed.
Verizon declined to comment on the reports.
Marissa Mayer joined Yahoo four years ago.
Chief execute Marissa Mayer, who joined in 2012, has made little progress in returning the company to profit.
Yahoo has struggled to keep up with the changing internet advertising landscape.
Last week it reported a $440m loss in the second quarter, but said the board had made great progress on strategic alternatives.
Yahoo shares have rallied since it announced the sale.
BGC analyst Colin Gillis: “We expect any offer in the range of $5-plus billion should be accepted by the Yahoo board to bring the process to a close”
Verizon has agreed to pay $4.8 billion to acquire Yahoo.
Verizon plans to annouce deal early Monday, ending months of speculation.